Fairscale Capital LLC Buys Shares of 2,000 Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fairscale Capital LLC purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds have also made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in Schwab U.S. TIPS ETF in the 4th quarter worth about $26,000. Mather Group LLC. bought a new position in Schwab U.S. TIPS ETF in the 1st quarter worth approximately $27,000. Pathway Financial Advisers LLC acquired a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at approximately $33,000. LGT Financial Advisors LLC increased its position in Schwab U.S. TIPS ETF by 81.8% in the 2nd quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 306 shares during the period. Finally, Family Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth $36,000.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $53.65 on Monday. Schwab U.S. TIPS ETF has a 1 year low of $49.50 and a 1 year high of $53.90. The business has a fifty day moving average of $52.86 and a 200-day moving average of $52.17.

Schwab U.S. TIPS ETF Company Profile

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.